My poor mathematics works out that we are talking about $14...

My poor mathematics works out that we are talking about $14 million worth of Copper in the ground. Correct me if I am wrong.

I read between the lines that the owner of the tenement is not happy with the level of work that has been done at Red Bore just like the rest of the shareholders.

THX have come up with this JORC based on 5 diamond and 50 odd RC holes that only defines a small amount of copper simply because they would be losing the rights if they did not.

We all know that Red Bore has been mismanaged. SFR has gone from $3 to $7 in the time that THX has gone from $1 to 10c.

When they say they expect the earn in to be disputed it is clear that the JV is not a happy arrangement.

But I still say it is positive. The real question is what are THX going to do as follow up to show there is $140 million of Copper in the ground or indeed $1 billion worth?